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medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more
be right for you... with unitedhealthcare medicare solutions and plans including aarp medicarecomplete, insured through unitedhealthcare. call today to enroll. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. other benefits can include 100% coverage for an annual physical and immunizations, vision and hearing coverage -- and prescriptions as low as $2... at pharmacies and retail locations like these. ♪ don't wait. let's get you on the right path. call today to enroll in a plan from unitedhealthcare, like aarp medicarecomplete. >> they have the baby. it is delivering babies. and it is hip replacementings. and that is for everybody yeah? >> i think it is it a terrific idea. for example the california state employee's union. they went to shop a hip replacement and they got $15000 to $150,000 they put a limit of $30,000 and all of the helps come back in and said yes,
in return for defying part doctrine they must have changes in social security and medicare. >> i will sign only if they undo entitlement reform. >> reporter: be president has put them on the table before. during last year's failed talks on a grand bargain and more recently in his first post election press conference. >> we have to continue to take a serious look at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted tax rates must rise. today a top democrat signalled openness to the republican stance. revenue could be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just are
they shouldn't do the happy dance just yet. republicans will want payback, as in medicare, medicaid and social security. so for all of you who want tax hikes for the wealthy, what are you willing to give up in return? on social security? raising the retirement age to 70? on medicare, a total revamp is in instead of the government paying your medicare bills, you pay them with help from the government? you tell me. talk back question this morning, what should republicans expect in return for new taxes? facebook.com/carolcnn. facebook.com/carolcnn. your comments later this hour. >>> more republican lawmakers -- well, as i just said, they're willing to break that no new tax pledge. we'll talk about that with our political panel, next. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ gruntin
find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. plus with the pharmacy saver program, you can get prescriptions for as low as $2 at thousands of pharmacies in retail locations like these, all across the country. call now to learn more. unitedhealthcare has the information you need so you'll be better pr
" editorial who wrote "the actual liabilities of the federal government including social security, medicare and federal employees future retirement benefit exceed $86 trillion." the second ranking senate democrat is for addressing entitlements but not now. >> medicare and medicaid insure one-third of all americans. they represent about 20% of our budget. and they are a real challenge to us. because untouched unamended medicare will run out of money in 12 years. that is scary. >> though as the negotiations continue, durbin does suggest that obamacare is on the table. >> the only perfect law i know was carried down mountain on a stone tablet by senator moses. everyone else has define their very best to write a good law and realizes oaf time changes have to be made. i'm open to whatever, you know, elements we need to reconsider there. but i think we have the right starting point. >> much of the anxiety in washington seems to be over not knowing the details of the president and speaker boehner's negotiations. lawmakers on both sides suggest it could be a good thing. they are talking to each oth
and not touch medicare or medicaid? it is all part of the deal. >> gretchen: once you get people back to the table. it is it like a marriage, marriages don't work when one party said i will not budge on anything. >> brian: i hope my wife is listening. >> steve: we are in the let's make a deal stage. both sides want to appear flexibility when it comes to doing something. we aapparently the president of the united states. the week after thanksgiving nothing is scheduled. but we understand that the top aides are working together to do something. who is leading the charge for the white house? tim geithner. it is interesting, in the beginning, during the confirmation it was revealed he did not file taxes properly and people say is he qualified to be the treasury of the secretary. according to the wall street journal. they work with him and like him. and jack lu who did it last time blew it. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn'
to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal debt limit. it's set by law at $16.4 trillion. the nation is already approaching the national debt of $16.3 trillion. nobody wants a repeat of that summer standoff we went through last year. >> certainly so. susan mcginness in washington this morning, thank you so much. >>> while washington is worried about the fiscal cliff it appears the average american is looking to spend. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. according to the retail research firm big insider, a record of 247 million shoppers visited stores or websites over the four-day weekend, an increase of more than 9%. and they spent more than they ever have before, an estimated $59.1 billion. retailers hope the shopping frenzy continues today, cyber monday. cbs morning watch's ashley morrison is here in new york with that and more, good morning to you. >> good morning to you. americans' ho
're not going to touchdown social security, maybe medicare, medicaid, but not social security and republicans will say, wait a minute, you're not serious. we're giving ground on revenue, you got to give ground on spending. and, brooke, i think the biggest thing here is that this bill, if they get a bill, is going to be so unpopular because it is going to raise taxes and it is going to cut benefits and getting the votes to pass this is going to be enormously difficult. >> you bring up the benefits issue. let me run through this, because it brings us back to the possibility of no deal whatsoever. again, on the automatic tax increases come january 1. we're talking about a lot of stuff here. the bush era tax cuts expire. as does the president's so-called payroll tax holiday on social security deductions, follow along with me, the so-called marriage penalty returns full force, you also have extended unemployment set to expire here. and the child tax credit drops by half. capital gains go up. bob, today, you know, the white house is warning that this could have a crushing impact on the u.s. economy
he calls painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that is important to america's credibility. it is important for america's economy and economic growth. tha
the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for medicaid and medicare may be abong the biggest. bob corker argued for both warning everyone against punting this until next year or accepting phony savings that don't solve or at least address the underlying deficit and structural debt problems. charlie and norah? >> let me add my voice, congratulations you on this day enharnting one of the big jobs in journalism. they're big shoes and i'm looking at those you have to fill. >> you'll be just fine. >> reporter: first day, all righ
. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> less than 48 hours into a very fragile cease-fire between israel and hamas, a deadly shooting. one young palestinian killed, and many more wounded in a buffer zone near the israeli/gaza border and while the sides remain divided, a week of fighting also saw an unlikely coming together. cnn's sara sidner found proof in a tel aviv hospital. >> reporter: 4-year-old joseph is listening to an age old bed time story, but he's not at home safe in his bed, he's in the hospital, a victim of an age old conflict that has shattered his family life. he and his parents were staying inside this apartment building in southern israel when a rocket from gaza slammed into it. the blast sheered off several of joseph's tiny fingers, badly injured his father, and too
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again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> i'm not saying a word to you. there is a child here. >> that's new video of halle berry, going off at the paparazzi, shortly after the thanksgiving brawl between her fiance and ex-boyfriend. she has always had a contentious relationship with tabloid photographers. and this was no different. the oscar winner was trying to protect her 4-year-old daughter. so, how will the fight affect her ongoing custody battle? good morning, america. i'm bianna golodryga. >> and i'm dan harris. good morning, again. it's saturday, november 24th. >>> check out this video. it's of nba stars dribbling a christmas tune. it has gone wildly viral. how did they figure out how to do this? we're going to take you behind the scenes, coming up. >> that's reall
of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. . >>> today is small business saturday when shoppers across the nation are encouraged to support locally owned stores mom and pop operations that help communities thrive. it's sandwiched between black friday and then you got cyber monday. american express founded small business saturday three years ago to help smaller stores get exposure on this the busiest shopping weekends the year. in the wake of superstorm sandy, those many small businesses that were damaged are desperate for any help. >> reporter: right before superstorm sandy the streets were quiet outside liberty industrial gas and welding. >> that's less than ten minutes. >> reporter: this is night fall as the waters begin to rise. >> to this point i think it's gone. >> reporter: an industrial park in red hook, brooklyn, sandwiched between two bodies of water. >> this is the gwanus canal and liberty is right here. we really had quite a surge because of the gowanus. >> reporter: this very hard for you personal
achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ melissa: time for spare change, the favorite part of the show. the money version of the light ning round of water cooler topics. how about that? here's fun we had recently with the sandra smith and david as asman.f >> watch this, you will never believe the video, thieves on motorcycles inside a london mall, six men drove into the mall with axes and bats. w you can see one of them waving an ax around in a mew movie,m this is real.th robbed a jewelry store and got hundreds of thousands of dollars of watches.t rolexs, and police found the motorcycles in a nearby guck within the hour, but they are looking for this stuff. can you believe this? they drove to a golf course ands l
helped us achieve the highest average star rating mong national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones o matter most. i love you, grandma! [ male announcer ] hana. ♪ so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thihing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. ♪ melissa: so whether you earn $250,000 a year or not, you're going to feel the effects of the tax hikes on the wealthy. why? because it's going to kill economic growth, and that co
] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across the country, in retail locations like these.
ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. he went to jared. the ballet slippers? i used to dance. hearts? it's called the red hot love bead... oh. ...i've said too much. [ female announcer ] celebrate life's unforgettable moments with pandora charms and bracelets at jared, the galleria of jewelry. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. ♪ >>> in the beginning they were notorious, they had a reputation for drugs, now they're celebrating their golden jubilee. >> tickets are being sold online more than $18,000. london times released what it believes part of the set list, which includes some of the rock 'n roll classics. here's nick schifrin. >> reporter: combined they're 273 years old. but 50
are excited. there has been a lot of work on the fiscal cliff. we have talked about medicare savings that can strengthen the program and address rising national health expenditures. we will have more to say on the issue of texas. we are ecstatic to have senator dourban here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion an advocate for the middle class. he has carried that advocacy in the budget negotiations. he was part of the supercommittee, the gang of eight, the gang of six. he has been a fighter for what is right for having a plan that stands true to the values of the american people and the people who voted and waited in line for hours on and to vote. they wanted a fair shake out of washington. as a champion of that fair shake, i am excited to have senator dourban. >> thank you very much for those kind words. it is good to see you. thank you for the center of american progress for the work you do. elections
? >> reporter: president has been willing to talk about social security and medicare and put entitlements on the table. the problem the president has is many parts of his base, including some of those house democrats that he might need in some sort of forged compromise, they are not crazy about doing that. we won. the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john mccain a few weeks ago and john mccain yesterday and ask you about it on the other side. >> we will do whatever is necessary to block the nomination that's within our power as far as susan rice is concern
national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>> on cyber monday, sales were up 28% from the same day a year earlier. and all those online purchases have to be delivered by someone. u.p.s. has designed a new way to train it employees. kristen dahlgren gives us a rare inside look. >> reporter: as christmas approaches, u.p.s. will deliver 300 packages a second. a blitz of boxes that begins with boot camp. basic training the way a new generation learns. hands on. trainees are observed at every step learning methods for everything from driving to stacking packages. but one of the most important things they learn is that every second counts. >> seconds add up very rapidly into hours. excellent. 17 and a quarter seconds. >> reporter: it's as real as they can make it. >
's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! >> gregg: welcome back. as americans count their blessings this thanksgiving. many find that donating to charity is a rewarding way to give back. after all, taxpayers can conduct charitable donations and lower their overall tax bill. the president and some lawmakers are now looking to limit those sorts of deductions. jim angle is in washington with more on how that would impact charities. jim? gregg it may be the charitable season in a scramble to avoid the
who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. he went to jared. the ballet slippers? i used to dance. hearts? it's called the red hot love bead... oh. ...i've said too much. [ female announcer ] celebrate life's unforgettable moments with pandora charms and bracelets at jared, the galleria of jewelry. ♪ ♪ yes, you start me up >>> in the beginning they were notorious. they had a reputation for drugs, and groupies and tax evasion, but now they're celebrating their golden jubilee. >> tickets are being sold online for more than $18,000. and "the london times" released what it believes is part of the set list, which includes some rock 'n' roll classics. here's abc's nick schifrin. >> reporter: they sold 200 million albums. combined, they are 273 years old. but 50 years later, the stones still rock, loud, rambunctious, audacious. well, the fans, well, they're really loyal. >> my name is des lieberman, and i've been to 300-plus rolling stones shows and i'm not stopping yet. >> reporter: he first saw them in miami in 1969,
's changing the conversation. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >> want to take a closer look at a fluid situation going on in the northeast now. some unchartered territory as israel tries to nail down the details of the cease-fire with hamas. they've labelled a terrorist organization. the israelis are not speaking directly to hamas. both sides speaking to the egyptian negotiators. that's happening in cairo. well, egypt, as you know, was key to brokering the cease-fire that happened last week along with secretary of state hillary clinton, but now the cease-fire talks, they're going on taking place amid growing unrest now in egypt over the president's new power grab. s our jim clancy knows the region very well. i want to bring you in
entitlement programs like medicare and social security. white house press secretary jay carney said yesterday the president is open to compromise and should republicans make a realistic proposal on taxes, they will meet them halfway. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. we haven't seen a proposal that achieves that, a realistic proposal, that achieves that. the reality is, closing loopholes and ending deductions as an alternative to raising rates on the top earners, top 2%, those making over $250,000, sounds good, but you have to look at the actual contents of those proposals. >>> and a new poll shows the majority of americans do want compromise in order to avoid the fiscal cliff. 67% say a deal should be a combination of spending cuts and tax increases. and if no deal is reached by the end of the year, it's clear who will take the majority of the blame, 45% will say it's the republicans' fault in congress compared to 34% for the president. when it comes to the public's expectations of their elected leade
helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>> hilton worldwide's luxury brands unit is looking to be the fastest growing in the world. joining us now is the global head of luxury and lifestyle brands for hilton worldwide. i immediately think, john, that no matter where you are at a point in time when you think back four years ago compared to where we are now, you've just got to feel pretty good. >> it's amazing. we saw this after the gulf war, we saw it after 9/11, we saw it after that economic downturn. our business always comes back. people are looking for those luxury experiences. >> but at the time, people were saying maybe you don't want to invest long-term luxury. you had sort of politicia
. fighting to keep medicare and social security strong for generations to come. security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. it's real fruit juice; crisp, sparkling water; and no added sugar. and they come in these really cool cans. you want one? i'll wait a bit. all right. mm. refreshing. ♪ use freedom and get cash back. ♪ack. ♪ five percent at best buy. ♪ wow my definition is high. activate your 5% cash back at chase.com/freedom. ♪ everybody get, everybody get! ♪ i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihista
phone. reinvented around you. ♪ reinvented around you. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. into john stamos. honey! i think i'm getting burned! eat. ♪ tastes pretty good, huh? [ men grunting ] open! [ male announcer ] oikos. possibly the best yogurt in the world. [ sea ] hi! this is the sea calling. ooohhh. don't you love doing homework? no. waking up early? no. cleaning your room? nuh-uh. eating liver? no way! doing chores? all right, a royal caribbean cruise. yes! ♪ [ female announcer ] this holiday season, give the gift of a royal cari
like medicare even social security. they hoping to avoid a repeat over raising the debt ceiling in 2011. they hope the geithner team can reach an agreement with all of the parties involved in order to avoid tax increases. john boehner will likely make the final decisions on what the team decides in terms of the deal. >> thank you so much. >> it is time now to take a look at who is talking and thousands taking the streets in cairo after mohammed morsi taking total control of the country and won't answer to the branch of government. they are afraid the latest power grab will lead egypt away from democracy and back into a dictatorship and possibly all of the way to shirea law. >> nonislamist egyptian activist mohammed el baradei is calling on the united states to condemn morsi. i am hoping to see a strong statement of condemnation by the u.s., by europe and everybody who really cares about human dignity. democrat and chairman of the senate committee of armed services carl levin says america needs to play the middle. >> i think we have to be cautious. we doesn't want to see a democratically
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
it doesn't do is address medicare. and yet the ryan compromise is on the table. so those are the things i would start with. but importantly, just having an expense reduction and trying to rein in our deficit isn't going to solve any of our future problems, and certainly not entitlement. you've got to create a growth commission. and what the growth commission would do is to determine what is needed, what are the -- what's the environment needed to cause our gdp to grow at 3% to 4% instead of 1% to 2%. and they would address things like tax reform, education, immigration, all things that effect the economy. thirdly, there's $1.5 trillion overseas as we know on corporate balance sheets that's not going to come to the united states unless we allow it to come at less than 35% tax rate. what i would do is have a 10% surcharge to bring that money back home. >> is that a one-time holiday? >> i'll get to that. and that would bring in immediately $100 billion to $150 billion which should only be used to reduce the deficit. but i would then permanently put in and tell the growth commission comes out
-- you want to have a prescription drug benefits under medicare, that is great, you have to pay for it. you once two wars? you have to pay for them, too. we should understand something about the republican party over the last and years. it has been a big spending party -- it just does not want to pay for any of the spending. reset of traditional conservatism requires that we be reality-based on the fiscal condition of the country and understand that the years of profligacy now require increased revenue. the notion that we have hundreds of members of congress bound by a pledge to grover norquist as opposed to their oath of office to the constitution -- [applause] unsettling. we should understand, there is not symmetry between the parties on this question. there is no grover norquist equivalent in the democratic party on this question. it is encouraging to hear speaker banner and republicans talk about the -- speaker boehner and republicans talk about the need to increase revenues. my personal opinion, which is why i am a republican in part, a 40% federal tax rate at the top rate is an a
of legislation. >> medicare alone is 42 trillion unfunded. social security 20.5 trillion. and then you add the 16 that we know about to that. none of these are in black and white those first two that i mentioned. you add it all together, 86.8. >> a lot depends on what happens to medical care. i mean, one thing that could change these estimates tremendously, find a cure for alle alzheimer's. you'll change the estimated how much spending you have to do. if you think over time, many of these forecasts long term forecasts assume no fundamental powerful change. >> find a cure for cancer and everybody livesoff 100. >> but alzheimer's is a very expensive disease. >> but anything that extends life in an expensive way will be -- net i don't think it's cheaper. >> these budget problems are fixable problems that the united states has decided not to fix. this is the decision we're making through our political process. the decision is we're just going to fix it enough to get by another year. we're not going to fix on a grand bargain basis. >> will it pay if we get little bargains over the next ten years? is t
of medicare for everyone under 55 years old. our messages stick no carat. we don't have a forward vision of economic growth, how to create it or sustain it that's in the interest of the middle class and we paid a tremendous penalty for that over the course of this election. so the republican party as a demographic problem. it has a message problem. it has a policy problem which and then in the expect cushion of the campaigns it has a technology program. the obama campaign in 2012 was ten light years ahead from a technology perspective being tible identify voters, target voters, turn out voters. and republican party through this defeat is going to need to go through a cycle of invasion to catch up and pass the democrats in our ability to do that over the next couple of years. what i would say lastly is when you look at the republican party today on issues from gay marriage to immigration to education reform, republicans have always thriveed. we have embraced our small government, limited government and the principles of fed raism which have endured and served the country well for over two
medicare to the voting rights. >> last word, ron. >> interesting four years, and we're all going to learn about the architecture of this man. i love what you said on -- justice, integrity, and the notion is what you said, david, that in the complex life, a person learns to integrate the competing parts of the human personality and only then, he says, will you have the capacity to act justly and the question for obama is how he'll express that or if he will in the new term. >> the second term in which we do it here. thank you, all, very much. [applause] >> thank you. now i know more about what obama is like. >> more now from last week's washington ideas forum hosted by the atlantic, the aspen institute, and the neweum talking about economic competitiveness hearing from steve case and douglas holtz-eakin. this is 30 minutes. >> next, we have a panel on america and where it's going driving the panel will be steve clemons of washington ideas. steve? >> thank you. >> hey, folks. everybody's running to the thompson counter. thank you, all, for joining us. great to be with you. i'm steve clemons
® flexpen. covered by 90% of insurance plans, including medicare. findour co-pay at myflexpen.com. ♪ ♪ [ girl ] dear santa... ♪ dear santa, i want a ballerina tutu, a pink bike, a unicorn night-light... [ female announcer ] this year, bring their wish list to life. [ girl ] ...princess doll, markers... [ female announcer ] this year, bring their wish list to life. mommy! i went potty! that's great, honey.... where? for life's bleachable moments. >>> all right. it may have been a little stressful for best selling author tony robins to do the weather a few moments ago but nothing like the stress you may feel during the holidays. tony here with great advice. thanks for sticking around. you passed the test. we'll call you in a pinch. >> 40 years with roker, stick with him. >> he's still our guy. a time of joy and carols and family and everything else. for a lot of people it's not about going to a mall on friday night and bashing through the door and getting whatever you can. this is a very difficult time, especially now for so many people. how do you begin to get thro
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